Jan 10, 1:59 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Daniel Sparks 01/10/19 AT 1:29 AM Square (NYSE:SQ) was missing one key channel when it came to payment processing -- at least until today. The financial-technology company announced on Wednesday that it is launching a software development kit (SDK) enabling developers and sellers to accept in-app payments. Before today, Square had products to help sellers accept payments in-person and on the web, but not in mobile apps.Square's in-app payment SDK opens the floodgates for more growth in the company's payment processing business, which is already seeing strong growth. More importantly, it solidifies Square's strong value proposition to larger sellers as the company continues to move beyond the small businesses it started with years ago.Square's newest SDK: in-app payments"With this SDK, developers leave the complexity of payments to Square and focus … [Read more...] about Square Launches In-App Payment Processing
Small business online payment options
Firms should seek to grow stronger in global economy: experts Vietnamese businesses need to urgently adapt their management methods and bravely step out into the world in order to survive and develop in the context of global integration, said experts at a workshop held Ho Chi Minh City on December 13. Vu Thi Thuan, Chairwoman of Traphaco JSC, said Vietnam is going through an extensive and intensive integration process by engaging in groups such as the Asia-Pacific Economic Cooperation (APEC) Forum, the Association of Southeast Asian Nations (ASEAN), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the EU-Vietnam Free Trade Agreement (EVFTA). This allows businesses to expand their markets but also presents a lot of challenges and competition, she said, adding that the development of technology and artificial intelligence requires enterprises to map out sustainable development strategies. Businesses should make plans to maintain comprehensive … [Read more...] about BUSINESS NEWS IN BRIEF 15/12
By The Washington Post | PUBLISHED: July 9, 2018 at 4:00 pm | UPDATED: July 9, 2018 at 4:04 pm By Fenit Nirappil | The Washington Post WASHINGTON — Aaron Bateman pulled out a few $20 bills to pay for a taco lunch in the nation’s capital. To his surprise, his money was no good in the city where money is printed. Surfside, a popular 24-hour Mexican eatery, doesn’t take cash. No cash means no register for robbers to empty out, no bills for workers to slip into their pockets and no change counting holding up lines. The global cashless movement has reached Washington, where a growing number of fast-casual and other establishments are saying no to greenbacks in favor of plastic and mobile payments. Sweetgreen, the national salad chain, went cashless in most of its locations last year. Other cashless spots include a frozen yogurt shop downtown, a posh wine bar and a beer store. Soon, they may be breaking the law. Critics of no-cash policies say they shut out the one in … [Read more...] about Who gets left out when businesses don’t take cash?
SEATTLE -- Seattle leaders on Tuesday repealed a tax on large companies such as Amazon and Starbucks after a backlash from businesses, a stark reversal from a month ago when the City Council unanimously approved the effort to combat a growing homelessness crisis. The tax was proposed as a progressive revenue source aimed at tackling one of the nation's highest homelessness numbers, a problem that hasn't eased even as city spending grew. A divided crowd chanted, jeered and booed at the council meeting, drowning out the leaders as they cast a 7-2 vote. People shouted, "Stop the repeal," as others unfurled a large red banner that read, "Tax Amazon." An opposing group held "No tax on jobs" signs. The vote showed Amazon's ability to aggressively push back on government taxes, especially in its affluent hometown where it's the largest employer with more than 45,000 workers and where some have criticized it for helping cultivate a widening income gap that is pricing … [Read more...] about Seattle repeals tax on large businesses such as Amazon, Starbucks aimed at combating homelessness
It's a good news-bad news situation for small businesses when interest rates rise. The Federal Reserve says that the economy is doing well, so it has raised its key rates recently and is expected to do so again in the near future. The strong economy is great for most businesses, but higher rates will likely increase what it costs for them to borrow. So what's a small business owner to do? Understand how the system operates and consider the ways they can manage. Here are a few basics to help: THE GOOD NEWS Small businesses thrive when the economy is strong. Right now, the economy is doing quite well, which is why the Fed is comfortable raising rates. (One Fed official even referred to it as a 'Goldilocks' economy for being just right.) The Federal Reserve doesn't directly control the rates a business might pay on a credit card, line of credit or loan directly, but these rates tend to move in the same direction as the Fed's benchmark rate. When the Fed raises its benchmark rate, it takes … [Read more...] about How small businesses can navigate rising interest rates